May 21 Market Close: GovCon Index Dips, US Stocks Rise on Uneven Economic Reports

GovConIndexDOWNThe GovCon Index closed with an even mix of gainers and laggers for Thursday’s trading session to record a loss of 0.149 points and close at 75.394.

Major U.S. stock indices closed up Thursday after positive earnings reports from Salesforce and Best Buy and gains in energy shares offset economic reports that showed purchases of previously-owned homes declined in April and contract closings fell 3.3 percent, according to Bloomberg.

The Dow Jones Industrial Average recorded a 0.34-point gain to 18, 285.74, the S&P 500 composite index climbed 4.97 points to 2, 130.82 and the NASDAQ composite index rose 19.05 points to 5, 090.79.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Serco Inc.   2.07   0.03   1.47%
  BAE Systems Inc.   32.145   0.395   1.244%
  Northrop Grumman   161.40   1.78   1.12%
  Raytheon   107.52   0.97   0.91%
  Cubic Corp.   47.83   0.39   0.82%

Market Summary

  Advancing Issues    15 (50.00%)
  Declining Issues    15 (50.00%)
  Unchanged Issues     0

Executive Mosaic‘s GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.

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